Earlier this week, five people who touch every layer of the AI supply chain sat down at the Milken Global Conference in Beverly Hills, where they talked with this editor about everything from chip shortages to orbital data centers to the possibility that the whole architecture that undergirds the tech is wrong. On stage with…
AI evaluation startup Braintrust has urged customers to revoke and replace their API keys after an earlier breach of customer secrets. According to an email sent to customers Monday and seen by TechCrunch, the startup confirmed “unauthorized access” in one of its Amazon Web Services (AWS) cloud accounts, which contained API keys used by customers…
A U.S. court has sentenced Latvian hacker Deniss Zolotarjovs to more than eight years in prison following his conviction for carrying out ransomware attacks. The Justice Department accused the hacker of working for a notorious Russian ransomware gang called Karakurt, which was led by former leaders of the Akira and Conti ransomware gangs, who were…
Microsoft is weighing whether to delay or scale back one of its most ambitious clean energy goals as its rapid buildout of AI data centers puts pressure on its ability to meet those targets. Microsoft has yet to make any public announcements, but according to Bloomberg the company is having internal discussions over its hourly…
On Wednesday, xAI and Anthropic announced a surprise partnership that has the Claude-maker buying out “all of the compute capacity at [xAI’s] Colossus 1 data center,” roughly 300MW that allowed Anthropic to immediately raise its usage limits. It’s a huge deal for xAI, likely worth billions of dollars. More importantly, it immediately monetized one of…
Snap no longer has a deal with Perplexity, the company revealed on Wednesday as part of its quarterly earnings report. The deal, announced last November, would have seen Perplexity’s AI search engine integrated directly into Snapchat. Perplexity was set to pay Snap $400 million in cash and equity over one year as part of the…
Billionaire media mogul Barry Diller doesn’t think OpenAI CEO Sam Altman is untrustworthy, despite recent reporting to the contrary. Onstage at The Wall Street Journal’s “Future of Everything” conference this week, Diller vouched for the AI exec, who has been accused by some former colleagues and board members of being manipulative and deceptive at times….
Lachy Groom, one of Silicon Valley’s most closely watched solo investors, decided to back Indian startup Pronto just 20 minutes into his first meeting with its 24-year-old founder. The meeting, which took place in February through a mutual connection, led to Groom investing $20 million in Pronto as an extension of its Series B round,…
Business insurance startup Corgi announced on Wednesday a $160 million Series B, led by TCV, valuing the startup at $1.3 billion, the startup’s co-founder Nico Laqua said on LinkedIn. This comes just four months after the company announced a $108 million Series A. The company has now raised $268 million in funding to date, Laqua…
Robinhood CEO Vlad Tenev is touting the success of the fintech’s new Ventures Fund I, which allows retail investors to invest in private tech companies like Stripe, Oura, Databricks, OpenAI, and others, through a publicly traded fund listed on the NYSE. “We had something like over 150,000 retail investors participate in the IPO, so it’s…